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Market
Will Nippon Steel propose an alternative acquisition deal for U.S. Steel by mid-2025?
3
Resolution / Starting Odds
Yes • 50%
No • 50%
Official announcements from Nippon Steel or U.S. Steel
Story
Biden Blocks Nippon Steel's $14.9 Billion U.S. Steel Acquisition on National Security Grounds
Jan 3, 2025, 01:36 PM
President Joe Biden has officially blocked Nippon Steel's proposed acquisition of U.S. Steel for $14.9 billion, citing national security concerns. Announced on Friday after a year-long review, the decision effectively ends the contentious merger plan between the once-iconic American company and Japan's largest steelmaker. Biden stated, 'Without domestic steel production and domestic steel workers, our nation is less strong and less secure.' The move has sparked political tensions between the United States and Japan. U.S. Steel has indicated that, without the deal, it may have to close down steel mills.
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Similar markets
Yes • 50%
No • 50%
Legal action • 25%
Other • 25%
Withdrawal from U.S. market • 25%
Negotiation for a new deal • 25%
Approved without conditions • 25%
Postponed • 25%
Rejected • 25%
Approved with conditions • 25%
Withdrawn by Nippon Steel • 25%
Approved with conditions • 25%
Blocked by U.S. government • 25%
Approved without conditions • 25%
Approved with conditions • 25%
Withdrawn by Nippon Steel • 25%
Blocked • 25%
Approved without conditions • 25%
Other outcome • 25%
Approved • 25%
Withdrawn by Nippon Steel • 25%
Blocked by CFIUS • 25%
Deal Blocked by CFIUS • 25%
Deal Approved • 25%
Deal Blocked by Biden • 25%
Deal Withdrawn by Nippon Steel • 25%
Negotiation for Terms • 25%
Other • 25%
Abandonment of Deal • 25%
Legal Challenge • 25%
